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Buying partner out of family home

Louise
03.10.2023 12:22:09

140

Hi, Our family home has been advertised for sale on the open market since we went to court for financial settlement. I am in a position to buy my ex out of his share by remortgaging and I have a mortgage in principle in place. How do I go about buying him out? Obviously I don't want to go through an estate agent. I just want to transfer his share of the house to me and pay him his share of the equity.

Replies (1)

Oscar from amicable
26.10.2023 14:44:52

Hi Louise,

Thanks for your message.

You can follow the government’s guidance on this topic here. Remember to check the terms of your current mortgage and also what was agreed in your financial settlement. A financial settlement isn’t legally binding until it’s been approved by a judge in a financial order (or consent order if you were in agreement).

You can read more about the property here and listen to our episode with Zoopla here.

Best wishes, Oscar

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